CAMEROON:
Cameroon had 11279 modern enterprises in 2013 (study): "The key figures relate to 62% of these companies engaged in commercial activities and services provided to enterprises, and none practicing in the Tobacco industry. On this sample of companies, subject to the Statistical and Fiscal Declaration (DSF), counting for the 2013 fiscal year with the 2010 recap, 52.5% of units, with an increase of 29.7% compared to 2010, were individual enterprises and 636 anonymous companies (SA). According to the INS study, 75% of the companies listed were located in Douala and Yaoundé, the economic and political metropolis of the country, for a total of 222,902 employees in the modern sector of which 52.071 in Small and Medium Enterprises (SMEs), with 84.4% cumulated turnover generated by the large enterprises..."
NIGERIA:
Central Bank of Nigeria injects 205 million Dollars in the Exchange Market: "The Central Bank of Nigeria (CBN) has injected on Monday 205 million Dollars in the country's foreign exchange market to sustain the value of the Naira, which depreciated to only make 379 Naira for a Dollar on the parallel market. The Acting Director of the Corporate Communications Department of the CBN, Mr. Isaac Okoroafor, who confirmed this injection of liquidity in a statement released in Abuja on Monday, gave the distribution: 100 million Dollars released for the wholesale segment of the market for points and advances, 50 million Dollars for Travel Basic Allowance (BTA), while the Small and Medium Enterprises (SMEs) have obtained 55 million dollars..."
TANZANIA:
EU grants 200 million Dollars for the Development of the energy sector: "The European Union (EU), through the program of growth and sustainable development, has granted a financing of 180 million Euros (approximately 200 million Dollars) to Tanzania for the development of its energy sector. These funds were mobilized with the participation of several institutions including the German Development Bank (KFW) and the French Development Agency (AFD). They will serve, among others, to the implementation of an electrification project estimated at 47 million Dollars which will bring energy to the regions of Kagera, Geita, and Kigoma in the North-West of the country..."
UGANDA:
IMF expects a growth of 6.5% by 2021 under the impetus of petroleum production and major infrastructure projects: "The International Monetary Fund (IMF) has announced on Wednesday that by 2020 or 2021 the economy of Uganda is expected to increase by 6 to 6.5%. The financial institution relies on the vast infrastructure projects initiated by the executive headed by Museveni. The exploitation of oil fields should also push the economy of the East African nation to achieve its performances through the years 2000. More precisely, the Bretton Woods institution evokes several major projects, including hydroelectric power stations, highways, an oil pipeline, an extensive network of standard railways, and a refinery. "As soon as the infrastructure projects will be more or less completed and the oil will begin to flow, we expect growth of 6 to 6.5%," Clara Mira, representative of the IMF in Uganda, told Reuters. However, the slowdown in FDI due to the decline in the economies in Europe and elsewhere constitutes an obstacle for the Ugandan economy. In addition, the chronic instability in East Africa including the situation in the DR Congo, Somalia, Burundi, and especially in Southern Sudan, which are key regional destinations for Ugandan exports, continues to hamper the commercial exchanges..."
MOZAMBIQUE:
New payment default on the interests of sovereign bonds and Statu Quo for creditors: "With no surprise, the Government of Mozambique failed, on Tuesday, May 23, 2017, to pay interest of 113 million Dollars, due to international obligations totaling 726.5 million Dollars. This is the second time this year after the default of payment of 60 million Dollars incurred in January that the country is not honoring its commitments. The market did not react particularly to this new announcement, because Mozambique has warned since October 2016 that its debt situation did not allow it to settle its interest in 2017. In April 2016, the country had obtained a restructuring of part of its international debt by readjusting the maturities and interests upwards. Thereafter, its creditors had discovered the existence of hidden sovereign debts of nearly 2 billion Dollars, contracted by parastatal companies. This situation led the IMF to suspend the economic program in progress with the country, until clarity is provided on these undisclosed obligations..."
ANGOLA:
GMA will launch its wheat flour plant tomorrow: ""In Angola, the factory of the production of wheat flour of large moagens of Angola (GMA), one of the main players in the industry, will be inaugurated tomorrow," reports Macauhub. Mobilizing an investment of more than 100 million Dollars, the infrastructure, one of the biggest in the continent, is located in the Port of Luanda. It should allow daily transforming of 1,200 tons of wheat in 930 tons of flour and 260 tons of its wheat for the use in animal feed manufacturing. According to Bernarda da Silva, the Minister of Industry, the infrastructure will reduce the imports of wheat flour of the country by 60%, which amount to 500,000 tons per year. The factory will depend on its commodity supply of those imports originating from France, Germany, Canada, USA, Kazakhstan, and Australia..."
Crédit : IMPERIUM MEDIA
